100 pips profit per attached chart.
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- #15,301
- Nov 26, 2010 5:27am Nov 26, 2010 5:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,303
- Nov 26, 2010 6:01am Nov 26, 2010 6:01am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
hello all...first off thanks to sonic, traderathome and the rest for making this thread, I know I will learn a great deal sticking to this system.
Forgive me if I missed something obvious, but from what I'm seeing you guys are not trading Sonic V3, are you? The indicators used are mainly just the 89 ema, the "dragon", and MACD...true? Is the V3 any less effective, or considered redundant to you guys? Thanks in advance!
- #15,305
- Nov 26, 2010 6:58am Nov 26, 2010 6:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,308
- Edited 7:49am Nov 26, 2010 7:22am | Edited 7:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GU:
Broke channel, broke major SR, now gasping for breath at FR 50% before being topedoed!
Broke channel, broke major SR, now gasping for breath at FR 50% before being topedoed!
- #15,309
- Edited 8:00am Nov 26, 2010 7:25am | Edited 8:00am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,310
- Nov 26, 2010 8:07am Nov 26, 2010 8:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,312
- Nov 26, 2010 8:19am Nov 26, 2010 8:19am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Can not himself overcome, just a week 89 pp
You did not have a LOSING week! There have been times I have been down 200-300 pips at week's end! Of course, I am trying to kill the habits that cause that. Apparently, you do not have those bad habits, so you are way ahead of me.
Maintain patience, while you build on your strengths. Don't covet the pips to the point you start cutting corners and weaken your good habits.
- #15,313
- Edited 8:48am Nov 26, 2010 8:34am | Edited 8:48am
"JUST" an 89 pip week?...
average earnings ranging from 4 to 8% per week on deposits (using non-standard timeframes), though I see that a lot of underexposure position .... and can `t do anything. It happens for 2-3 days, only one transaction. And a lot of deals that have seen that will work out I'm missing: (
- #15,314
- Nov 26, 2010 8:41am Nov 26, 2010 8:41am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,316
- Nov 26, 2010 8:51am Nov 26, 2010 8:51am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,317
- Nov 26, 2010 8:57am Nov 26, 2010 8:57am
All that matters is that my pip total for the week stands at 978, so far, which is the best week in a very long, long time. These are "true" pips, entry to exit; not based on trade size.
I also trade the standard lot, you're very good trader. 978 pips is fantastic for me in a week, I have a maximum of 400-500 pips per month seek to earn .... You are right guru or something ......
- #15,318
- Nov 26, 2010 9:10am Nov 26, 2010 9:10am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
All that matters is that my pip total for the week stands at 978, so far, which is the best week in a very long, long time. These are "true" pips, entry to exit; not based on trade size. But, before you think too highly, this just helps to offset many weeks over the past that I closed the week in the hole and had to wait for a trend reversal to make anything.
let him rest a little bit ! thank god it's weekend 
P.S. : but my EU trade turn out to be a loser ! I should've brought SL to BE after price fails to reach my TP for 3 pips ... But afterall, it was a good week for me too, not like you, but it's just not bad for me
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #15,319
- Edited 10:12am Nov 26, 2010 9:10am | Edited 10:12am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
I have said many, many times that I trade very small relative to account. The reason is that I have some bad habits to erradicate. Meanwhile, if I screw up an entry, I can make a "corrective" addition to the trade, if I still believe in it. But, sometimes I get in on the wrong side of a giant long term move, in which case I may be in the trade for days, even weeks, while PA moves against me. I can either exit, or add at key levels, which in the past i have done so long as I continued to believe in the trade.
This is not a good way to trade. My salvation, until I erradicate my bad habits, is to start a trade light and go from there.
The bottom line is that some people look to make $ rather than pips. They risk their account by trading too large, and in the end will lose (like Basber says, "....easy come, easy go..."). Look to make pips, not money. After a trader's good habits and honed skills is producing pips regularly, THEN is when the focus can sensibly shift to include making more $ with larger size trades.
I am still focusing on pip production which is not yet very "regular", not $. Every trade responsible for those pips has been fully recorded on this thread, some carried over from the previous week.
The "unforced" regular production of pips is the milestone. When that happens, the trader's habits are good, their skills are honed, and they are sticking to a method that works for them. Only then can the money come reliably.
I hope this helps people.
- #15,320
- Nov 26, 2010 9:20am Nov 26, 2010 9:20am
You need the Dragon (34 ema's band) and the Trend (89 ema line). Aside from that, pay attention to candlestick wave patterns about the Dragon during the prime trading hours (London open - close), or sometimes leading into those hours. You are looking for WAVES (higher H/Ls or lower H/Ls). And when you think of entering a trade, look at the angle of the Dragon and Trend. They should be up for longs, and down for shorts. Basically, that's it in a nutshell. (Hope I did that right.)
